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180518 AUDUSD

by | May 18, 2018 | AUD/USD | 0 comments

GCMAsia - AUDUSD
AUDUSD
AUDUSD
2018-05-18
Resistance and Support Level Explanation
Resistance 0.7555 H1
Support 0.7505 H1

AUDUSD, H1: AUDUSD remains in consolidation phase while testing neat the strong support level of 0.7505. MACD histogram which illustrate diminishing downward momentum suggests the pair to be traded higher after closing above the 20-MA line (red).

 

Resistance level: 0.7555, 0.7580

Support level: 0.7505, 0.7475